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Products displayed at the Schneider Electric SE booth at the International Photovoltaic Power Generation and Smart Energy Expo in Shanghai, China, on Thursday, June 13, 2024. The chief executive of French power-equipment maker Schneider Electric said on Thursday that the firm's $850 million deal to take a controlling stake in U.S.-based liquid cooling company Motivair will help to bolster its offering to fast-growing and energy-intensive data centers. "We've always said we are going to be agile in respect to acquisitions and targets out there that fit exactly into the strategy of Schneider Electric," Schneider Electric CEO Peter Herweck told CNBC's "Squawk Box Europe" on Thursday. Herweck said the all-cash deal to acquire an initial 75% controlling interest in the equity of Motivair, which was announced on Thursday, was "rich, but not overly expensive" and "fits great" with the firm's strategy. The acquisition takes place as a global rush for the next wave of generative AI coincides with increasing public scrutiny on environmental concerns, with technology giants recently pivoting to nuclear in an attempt to power its AI ambitions.

Persons: We've, Peter Herweck, CNBC's, Herweck, — Sam Meredith Organizations: Schneider, International, Power, Smart Energy Locations: Shanghai, China, U.S

☆ Billionaire investor Stanley Druckenmiller says he regrets selling his entire Nvidia stake, and is looking to buy again
▼ + stars: | 2024-10-17 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Stanley Druckenmiller says selling Nvidia was a mistake. The billionaire investor sold his stake when he saw the stock's valuation as overextended. Druckenmiller today Bloomberg TV that he'd buy Nvidia again if the price falls. AdvertisementMonths after Stanley Druckenmiller offloaded his entire Nvidia stake, the billionaire investor says he regrets the decision. With his stake gone, Druckenmiller said he remains exposed to AI by investing in the infrastructure needed to power this technology.

Persons: Stanley Druckenmiller, —, I've, Druckenmiller Organizations: Nvidia, Bloomberg, Service, Duquesne Family Office Locations: Druckenmiller

☆ CNBC's Inside India newsletter: The changing face of India's rich
▼ + stars: | 2024-10-17 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +8 min

Speaking to CNBC's Inside India, Kohli noted that India's wealthy now come from a swathe of industries. India's stock market became the fourth-largest in the world at the start of the year, after overtaking Hong Kong. Meanwhile, those whose wealth that falls between 10 to 50 million Indian rupees are in the affluent category, he added. Historically, India's wealthy had a median age exceeding 50. Drivers of India's wealthThe growth in India's wealthy population comes in tandem with the nation's economic progress.

Persons: Ratan Tata, Waterfield, Ratan Tata —, Ambani, Himanshu Kohli, Kohli, Pramod Gubbi, Marcellus, Lee, Gubbi, Knight Frank, What's, Malcolm Dorson, Dorson Organizations: Tata Group, Fortune India, Tata Sons, Tata Steel, Tata Consultancy Services, Tata Motors, Titan Company, Marcellus Investment, Lee Kuan Yew, of Public, National University of Singapore, Bombay Stock Exchange, Global, Volvo, Apollo Locations: India, Tata, CNBC's, Hong Kong, Pune, Hyderabad, Ahmedabad, Chennai, U.S

☆ I'm a VC, and I hired my first staff after he offered to set up payroll for free. He showed me just how far people are willing to go for a VC job.
▼ + stars: | 2024-10-17 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

Nichole Wischoff screened over 500 applications before making her first hire for her VC fund. AdvertisementThis as-told-to essay is based on a conversation with Nichole Wischoff, 34, founder of Wischoff Ventures. Business Insider previously published an essay about her first recruit at Wischoff Ventures, Neal Mintz, and his hiring experience. I spent most of my career working at startups and had to brute-force my way to starting Wischoff Ventures from scratch. Screening through 500 applications to find the perfect hireI started recruiting for my fund's first full-time hire earlier this year.

Persons: Nichole Wischoff, Wischoff, Neal Mintz, Mintz, —, Neal, Nichole Wischoff's, you've, Don't, you'd Organizations: Service, Wischoff Ventures, Venture, Stanford Locations: San Francisco, New York

☆ 9 tips for making the perfect butter chicken at home, according to a Michelin-starred chef
▼ + stars: | 2024-10-17 | by ( Priyanka Rajput | ) www.businessinsider.com time to read: +2 min

Akshay Bhardwaj, the executive chef at Junoon, shared tips for making the perfect butter chicken. But it first found its footing as "butter chicken" in the US at Manhattan's now-closed Gaylord Indian Restaurant in 1975. AdvertisementWhile growing up in Queens, New York, Bhardwaj learned there are many variations of butter chicken. AdvertisementBusiness Insider spoke to Bhardwaj via video call to ask for his advice on recreating a restaurant-style butter chicken at home. Here are his top nine tips for making the perfect butter chicken at home.

Persons: Akshay Bhardwaj, —, New York City's, Joe's, Bhardwaj Organizations: Service, New York, Gaylord Indian, Costco, Manhattan, Michelin Locations: New, India, Manhattan's, Queens , New York, North India, West

☆ Want to Understand America? Watch ‘Shark Tank.’
▼ + stars: | 2024-10-17 | by ( Jordyn Holman | ) www.nytimes.com time to read: +19 min

“Shark Tank” Over the Years Season 1 (2009-10) The show premiered against the backdrop of the Great Recession. “‘Shark Tank’ is not a game show,” said Kevin O’Leary, a cutthroat investor known sarcastically in the tank as Mr. “Shark Tank” debuted less than a year after the subprime mortgage crisis devastated the global economy. But those kinds of companies are rarely reflected on “Shark Tank” for one simple reason: They don’t make for good TV. “The buyer gave us a shot at Target because of the ‘Shark Tank’ appearance.”“We turn you into a rock star and you become part of the ‘Shark Tank’ culture and the lore of ‘Shark Tank’,” said Mr. O’Leary.

Persons: Tod Wilson, Mark Cuban, Shark Lori Greiner, ”, Kevin O’Leary, Barbara Corcoran, Corcoran, Mark Burnett, Lehman Brothers, “, Daymond John, John, ” Mr, Wilson, Ms, Angela Lee, Halle Tecco, Jamie Siminoff, Siminoff, O’Leary, Siminoff “, Mr, Robert Herjavec, Burnett, Herjavec, TJ Maxx, Lori Greiner, Greiner, Michael Jones, Taryn Jones Laeben, ” Tod Wilson, Lee, Sarah Paiji Yoo, Dave Heath, Ann Crady Weiss, Hatch, Weiss Organizations: ABC, Sharks, QVC, Amazon, Bombas, Corcoran Group, “ Tigers, “, Twitter, Marketplace, Valley . Producers, Las, Columbia Business School, Halle, Four, Smart Tire Company, TJ, Tank, Tank Venture, Science Inc, Forbes, IRL Ventures, Educators, Blueland Locations: Angeles, Valley, Manhattan, America, Britain, Canada, United States, Houston, Somerset, N.J, Las Vegas, cybersecurity, Target, U.S, Los Angeles, Wegman’s, Minneapolis, Queens

☆ Welcome to America's hottest comedy club: LinkedIn
▼ + stars: | 2024-10-17 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +9 min

AdvertisementCheng says he has never worked a corporate job; he's always been a comedian and an online poker player. Jason RoederBut this snark, typically found on X, has seeped into LinkedIn, a much rosier, earnest platform. Roeder quit X and started writing joke posts on LinkedIn about a year ago, he said, after becoming "disillusioned" with what X has become. LinkedIn posts can expose just as much about one person's struggle to find work as they can about another's boasted success. Cheng said the posts had helped him to get comedy gigs, but they've also unlocked new work on the platform itself: as a LinkedIn ghostwriter for executives.

Persons: Ken Cheng doesn't, Cheng isn't, He's, Cheng, Rob Price, Ryan Salame, FTX, Salame, —, we're, Michael Scott, — it's, he's, I've, John Mulaney, Mulaney, Jason Roeder, Roeder, Daniel Roth, they've Organizations: LinkedIn, FCI Cumberland, Gallup, Pew Research Center, another's Locations: London, Maryland, America, TikTok, Los Angeles

☆ At Diddy's A-list 'white parties,' naked women were a staple — but that didn't seem to raise eyebrows at the time
▼ + stars: | 2024-10-16 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +10 min

Sean "Diddy" Combs' "white parties" were known for extravagance and celebrity attendance. Aside from naked women, Fonseca told BI that she never saw anything that raised red flags at Combs' parties that she attended. Sean "Diddy" Combs' white parties are being looked at from a new perspective after the music mogul was indicted last month. The celebrities have been photographed at Combs' white parties over the years but have not been accused of wrongdoing. At one white party, Combs issued a warning to guests from atop his balcony about children needing to leave the event.

Persons: Sean, Diddy, Combs, —, galore, Selma Fonseca, Fonseca, Dimitrios Kambouris, Bad Boy Entertainment Combs, she'd, David Allen, Allen, Ashton Kutcher, That's, Jason Merritt, Blueflame Combs, photog, Selma, Steven A, Henry, Busta, Leonardo DiCaprio, Russell Simmons, Tyson Beckford, Tommy Lee, Mariah Carey, Lindsay Lohan, Lil, Kim, Mary J, Blige, Russell Brand, Chris Brown, Beckford, Fonseca didn't, Fonseca —, Jennifer Lopez, Conan O'Brien's, O'Brien Organizations: Service, Bad Boy Entertainment, Adria, Hamptons, East Hamptons, Business, Beverly, Getty, BI Locations: East Hampton , New York, Beverly Hills, Manhattan, Champagne

☆ UK's ultra-rich non-doms urge Italian-style tax regime to prevent wealth exodus
▼ + stars: | 2024-10-16 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +6 min

Mike Kemp | In Pictures | Getty ImagesLONDON — Britain's ultra-rich non-doms are urging the government to introduce an Italian-style flat-tax regime to prevent a wealth exodus, as their preferential status comes under threat in the upcoming budget. That differs from Italy's regime, which charges a recently doubled rate of 200,000 euros per year regardless of wealth bracket. Non-doms move their moneyReeves had previously said that scrapping the program could generate £2.6 billion ($3.38 billion) for the Treasury over the course of the next government. We need to understand that we need people to be investing here, to create the jobs, wealth, prosperity that we want. Labour courts wealth creatorsThe Labour government has said it is determined to address unfairness in the tax system, pledging in its election manifesto to close non-dom tax loopholes.

Persons: Mike Kemp, Leslie MacLeod Miller, Rachel Reeves, Reeves, Alex Stewart, doms, Sadiq Khan, MacLeod Miller, Dominic Lawrance, Charles Russell Speechlys, Keir Starmer Organizations: Porsche, GTS, Chanel, Bond, Investors, Britain, Oxford Economics, Foreign Investors, CNBC, Labour Party, Treasury, FIFB, Oxford, Labour, Labour's, Investment Locations: London, United Kingdom, IHT, Italy, Switzerland, Dubai, Westbourne, Bayswater, Royal Oak

For Love & Money is a column from Business Insider answering your relationship and money questions. Write to For Love & Money using this Google form. Dear For Love & Money,I am wealthy, and my friends always hint about their money problems. I don't know what to do. Write to For Love & Money using this Google form .

Persons: —, I've, you've, it's, doesn't Organizations: Business, Service Locations: Maui, tiptoe

☆ Stanley Druckenmiller says he's 'licking my wounds' from selling Nvidia too soon
▼ + stars: | 2024-10-16 | by ( Cj Haddad | ) www.cnbc.com time to read: +2 min

Billionaire investor Stanley Druckenmiller said on Wednesday that his decision to sell out of Nvidia this year was a "big mistake." Druckenmiller's comments do not reflect Nvidia's 10-for-1 stock split, which went into effect in June. "It tripled in a year, and I thought the valuation was rich," Druckenmiller told Bloomberg. Druckenmiller told CNBC in May that Nvidia was "a little overhyped now, but underhyped long term." He added that he was introduced to Nvidia in 2022, when "I didn't even know how to spell it."

Persons: Stanley Druckenmiller, I've, —, Druckenmiller, we've, we'd, financials Organizations: Nvidia, Bloomberg, Duquesne, Meta, Microsoft, CNBC

The National Women's Soccer League unveiled the name of its 15th team Tuesday, dubbing the Boston squad BOS Nation Football Club. Boston Unity Soccer Partners is an "all-female core ownership group," led by founder of Juno Equity and minority owner of the Boston Celtics Jennifer Epstein. “It’s so important for kids to see themselves in their role models and I’m grateful to have the opportunity to support the growth of women’s soccer and sports in my hometown." BOS Nation will host home games in White Stadium, the second venue anchored by a women's professional sports team in the world, according to the team's statement. "BOS Nation FC is committed to pushing boundaries both on and off the field, signaling the enthusiasm for women’s soccer in Boston."

Persons: Boston Celtics Jennifer Epstein, Stephanie Connaughton, Ami Danoff, Anna Palmer, ” Epstein, Tom Brady, Epstein, Aly Raisman, Elizabeth Banks, Banks, “, ” Raisman, BOS Organizations: Women's Soccer League, Boston, BOS Nation Football Club, Boston University Soccer Partners, Boston Unity Soccer Partners, Juno Equity, Boston Celtics, Patriots, Celtics, Bruins, Red Sox & Patriots, Nation FC Locations: BOS, Boston, Massachusetts, White, North America

☆ Tom Brady joins Las Vegas Raiders ownership group
▼ + stars: | 2024-10-15 | by ( Kevin Dotson | ) edition.cnn.com time to read: +2 min

CNN —Seven-time Super Bowl champion Tom Brady has joined the ranks of NFL team owners after his purchase of a minority share of the Las Vegas Raiders, the NFL has announced. Brady’s purchase, which the Associated Press reports is for a 5% ownership stake in the franchise, was approved Tuesday at a meeting of NFL owners in Atlanta. “I’m incredibly humbled and excited to have been unanimously approved as an owner of the Las Vegas Raiders,” Brady said in a post on social media. The purchase agreement with the Raiders is the second partnership between Brady and Raiders owner Mark Davis. In March 2023, it was announced that Brady had acquired an ownership stake in the WNBA’s Las Vegas Aces, also owned by Davis.

Persons: Tom Brady, “ I’m, ” Brady, …, Roger Goodell, “, ” Goodell, Brady, Mark Davis, Davis Organizations: CNN, NFL, Las Vegas Raiders, Press, Raiders, WIN, FOX, AP, Las Vegas Aces Locations: Atlanta, “, Brady

☆ I left London for a little town in Latvia. It lacks certain luxuries, but it's a safer, easier place to raise a kid.
▼ + stars: | 2024-10-15 | by ( Ashley Couto | ) www.businessinsider.com time to read: +6 min

Vitor Urbano moved from London to Latvia for a quieter life before his child was born. AdvertisementThis as-told-to essay is based on a transcribed conversation with Vitor Urbano, a freelancer who moved from London to Latvia. I moved from Sintra, Portugal, to London in 2011. We chose Latvia so my partner could have better opportunitiesThere were two obvious choices of where to live: Portugal or Latvia, where my girlfriend is from. Across the board, things are more expensive in London, but the remuneration is way higher than in Latvia.

Persons: Vitor Urbano, —, I'd, that's Organizations: Service, London Locations: London, Latvia, Sintra, Portugal, EU, Saldus, Latvian

☆ I stayed at a Gilded Age hotel built by a railroad tycoon. It was cozy but the $478-a-night cost felt steep.
▼ + stars: | 2024-10-15 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

I recently stayed at The Inn at St. John, a historic hotel in Portland, Maine. We stayed at the inn during one of the busiest Portland weekends, making the cost higher. Described on the hotel's website as a charming Victorian-era inn, The Inn at St. John was established by railroad tycoon John Deering in 1897, toward the end of the Gilded Age. Now, the hotel claims the title of being the oldest continually operating hotel in Portland. Here's what it was like to stay at The Inn at St. John in Portland, Maine.

Persons: —, John, John Deering Organizations: Service Locations: St, Portland , Maine, Portland, Connecticut, John

☆ An expat in Panama explains what movers can expect to pay and the pros and cons of raising kids abroad
▼ + stars: | 2024-10-15 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

In 2015, Davidson settled down in Panama City, working as a technical support manager. He met his wife in Panama, and the two bought a $150,000 home and now raise their children in the capital. Beaches near Coronado, Panama City. Living for cheaper in Central AmericaHe met his wife in Panama, and they had two children. Mac DavidsonHe said average home prices in Panama City are often half what he saw in Manitoba's cities, which were about $400,000 when he checked earlier this year.

Persons: Mac Davidson, Davidson, —, It's, Panama Davidson, he's, He's Organizations: Service, University of Manitoba, Friendly Nations, Nissan Locations: Canada, Panama, Manitoba, Panama City, Coronado , Panama City, Florida, American, Central America, Ancon, Manitoba's, Vancouver, North America

Vice President Kamala Harris’ campaign laid out what it sees as her path to victory in Pennsylvania in a memo shared exclusively with NBC News ahead of Monday night’s rally in bellwether Erie County. “The Harris campaign’s path to win Pennsylvania capitalizes on Trump’s unprecedented weakness in the suburbs,” the memo, which also highlighted the campaign’s focus on Haley voters, reads. “They can point to the suburbs, but they’re losing ground in places like Philadelphia,” a Trump campaign official said. Kush Desai, the Trump campaign’s Pennsylvania spokesperson, highlighted Obama’s visit as a sign the Harris team was scrambling. Speaking with NBC News, Pennsylvania state Sen. Vincent Hughes said he could “understand the frustration” Obama expressed.

Persons: Kamala Harris ’, Harris, Joe Biden’s, Nikki Haley, Donald Trump, “, Haley, Trump, Brendan McPhillips, Tim Walz, Hillary Clinton, McPhillips, ”, Biden, Elon, It’s, We’ve, Barack, Obama, They’ve, Kush Desai, isn’t, ” Desai, ” Obama, Sen, Vincent Hughes, Let’s, Donald Trump’s, He’s, ” Hughes, it’s Organizations: NBC, Democratic, Pennsylvania, Trump, Philadelphia Inquirer, New York Times, Siena College, Marist College, Biden, Quinnipiac University, Times, Street, Minnesota Gov, America PAC, Trump campaign’s, Black, undecideds, NBC News Locations: Pennsylvania, bellwether Erie County, Siena, reddest, Harris ’ Pennsylvania, Johnstown, Lancaster, Rochester, Philadelphia, Bucks, Luzerne, Beaver, Trump, Pittsburgh

☆ Nobel Prize in economics 2024 awarded to Acemoglu, Johnson and Robinson for explaining why some nations are rich and others poor
▼ + stars: | 2024-10-14 | by ( Christian Edwards | ) edition.cnn.com time to read: +5 min

London CNN —Three economists were awarded the Nobel Prize Monday for their research into how the nature of institutions helps explain why some countries become rich and others remain poor. Daron Acemoglu, Simon Johnson and James Robinson will share the prize, which carries a cash award of 11 million Swedish kronor ($1 million). The authors warned that “the current path of AI is neither good for the economy nor for democracy.”The latest Nobel Prize in economics was announced in Stockholm on October 14, 2024. In “Why Nations Fail,” he and Robinson argued that China, because it lacks inclusive institutions, would not be able to sustain its economic growth. The economics prize is officially known as Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel.

Persons: Daron Acemoglu, Simon Johnson, James Robinson, –, —, ”, Robinson, Acemoglu, Johnson –, MIT –, Christine Olsson, ” Acemoglu, Alfred Nobel, Claudia Goldin, Goldin Organizations: London CNN —, Massachusetts Institute of Technology, MIT, University of Chicago, TT, Agency, AP, Bank of Sweden, Economic Sciences, Harvard University Locations: Turkish, American, British, Nogales, Arizona, Mexico’s Sonora, Nogales , Arizona, Stockholm, China, Beijing, Bank, Swedish

☆ From ALICEs to HENRYs, here's what people on wildly different incomes discuss in therapy
▼ + stars: | 2024-10-14 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +7 min

Four therapists shared what their clients on different incomes discuss in sessions. Money can be a source of stress for both those on lower incomes as well as the ultra-rich. HENRYsSome HENRYs (High Earners, Not Rich Yet) might seem wealthy to others, but still worry about having enough money, Williams said, because "it's all relative." Two HENRYs in a couple, meanwhile, might want to discuss tension in their relationship if they have different ways of thinking about shared wealth, she said. And, as people live longer, she said that some worry about not having enough money to sustain their lifestyles as they get older.

Persons: —, Anna Nathanson, Nathanson, Getty, Ashley Castro, It's, ALICEs, Tracy Williams, Williams, HIFIs HIFIs, HIFIs, Rich, Ricardo Mendoza Garbayo, Castro, Paul L, Johannes Mann, Hokemeyer Organizations: Service Locations: ALICEs, HENRYs, —, New York, Atlanta, Colorado

☆ Visiting the Trumpiest county in a swing state
▼ + stars: | 2024-10-14 | by ( Elle Reeve | Samantha | ) edition.cnn.com time to read: +9 min

Money is still tight for many in Brantley County in southeast Georgia, but its people no longer look to Democrats to help. CNNConnecting with TrumpBrantley County is rural, about an hour from the Atlantic coast, with the Okefenokee Swamp to the west. Ronald Ham, chairman of the Brantley County Republican Party, said local voters connect with Trump. People have to drive outside the county for work, which means gas prices matter a lot. “They can vote any way they want to vote,” Wilson said of his companions.

Persons: Sherri Rowell, ”, Donald Trump, Rowell, Talan Tanner, Tanner, ” Rowell, “, don’t, Michael Tanner, Talan, ‘, You’ve, ’ ” Tanner, ‘ Dad, —, He’s, Trump Brantley, ” Ronald Ham, Ronald Ham, ” Ham, “ They’ve, Joe Biden, “ Trump, …, Trump’s, “ It’s, we’re, Kamala Harris, It’s, Harris, Ham, David Herrin, ” Herrin, Button Lee, Herrin, it’s, ” Bill Middleton, Biden, there’s, ” Middleton, we’ve, ” Donald Lewis, Corbet Wilson, Donald Lewis, ” Wilson, Lewis, ” Lewis, Wilson, Trump, Ronald Reagan, George W, Bush, Mitt Romney Organizations: Georgia CNN, Trump, CNN, Brantley County GOP, Republican Party, Trump . CNN, Walt Disney World, Biden, Gold, Teamsters, Teamsters ’, Republican, Capitol Locations: Nahunta, Georgia, Brantley County, It’s, Ham, Brantley, Washington

☆ 3 US-based academics awarded the Nobel Prize in economics for their work on wealth inequality
▼ + stars: | 2024-10-14 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

US-based academics Daron Acemoglu, Simon Johnson, and James A. Robinson won the Nobel Prize in economics. Their work has helped demonstrate how institutions affect wealth inequality, the prize committee said. AdvertisementThree economists based at US universities have been awarded the 2024 Sveriges Riksbank Prize in Economic Sciences for their work on how institutions affect wealth inequality. Daron Acemoglu, Simon Johnson, and James A. Robinson will share the $1.1 million prize money, the prize committee said. The prize, known in its entirety as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is widely considered the most prestigious prize in the field.

Persons: Daron Acemoglu, Simon Johnson, James A, Robinson, —, Alfred Nobel, Jakob Svensson, Acemoglu, Johnson, Jan Teorell, Robinson “, ” … Organizations: Service, Sveriges, Economic Sciences, Royal Swedish Academy of Sciences, Massachusetts Institute of Technology, University of Chicago's Pearson Institute, Global, International Monetary Fund, Prosperity Locations: Acemoglu

☆ The stock market is overvalued, but that's no reason to turn bearish, analyst says
▼ + stars: | 2024-10-14 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The firm sees no immediate catalysts like surging interest rates or inflation to trigger a downturn. AdvertisementInvestors worried that the stock market is overvalued shouldn't sell stocks, according to a Monday note from Piper Sandler. AdvertisementWithout an imminent spike in interest rates, the unemployment rate, or inflation, the stock market should continue its upward trend even if it's overvalued, according to Kantrowitz. AdvertisementKantrowitz recommends investors monitor credit spreads to determine whether there is fear in the stock market that could signal a period of negative equity returns going forward. Tight credit spreads, a solid labor market, and continued GDP growth are all signals that investors should stay bullish, according to Kantrowitz, even if the stock market is slightly overvalued.

Persons: Piper Sandler, —, Michael Kantrowitz, Kantrowitz, Stocks, it's Organizations: Service, Investors, CNBC

☆ Budget brands are winning in China as people turn to cheap food and fashion
▼ + stars: | 2024-10-14 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

Companies like Japan's Saizeriya, Yum China, and Fast Retailing have recently reported strong sales. There are similarities between Japan's "Lost Decade" of economic stagnation in the 1990s, after the country's asset and credit bubbles burst, and China's economic downturn now. The ethos has benefited companies with budget offerings, including Yum China, which operates KFC and Pizza Hut in the country. Intense competitionHowever, China's market is a fast and furious one — even for winners — and the country's economic downturn has created cut-throat competition with aggressive price wars. As China's economic malaise deepened, boba tea went from premium pricing around $3.50 to $5.50 on average to as little as $1 or less over the last few years.

Persons: —, Hideharu Matsutani, Matsutani, Saizeriya, MingYii Lai, Lai, Uniqlo, boba, Jason Yu, Kantar, BI's Matthew Low, Allison Malmsten Organizations: Retailing, Service, McKinsey, Tokyo Stock Exchange, Daxue Consulting, Shoppers, Yum, Fast Retailing, — Locations: China, Japan, Beijing, Greater China, Yum China

☆ 'Free Solo' climber Alex Honnold often sees melted glaciers on his climbs. It's changed the course of his career.
▼ + stars: | 2024-10-14 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +4 min

'Free Solo' climber Alex Honnold witnessed the effects of climate change throughout his career. It inspired him to start the Honnold Foundation in 2012, a non-profit that builds renewable energy resources around the world. He's seen 'dramatic' landscape changes on his climbsHonnold and Caldwell previously planned an ice climb in Patagonia, Argentina. Related storiesHis foundation focuses on communitiesIn 2023, the Honnold Foundation helped launch the first community-led microgrid project in Puerto Rico. "The Devil's Climb" premieres October 17 at 9pm EST on National Geographic and streams the next day on Disney+ and Hulu.

Persons: Alex Honnold, He's, Tommy Caldwell, Caldwell, Renan Ozturk Honnold, Honnold, Matt Pycroft, Hurricane Maria, Adam Skolnick, Skolnick Organizations: Honnold Foundation, Service, Geographic, Hurricane, Disney Locations: Patagonia, Alaska, Argentina, Puerto Rico, Detroit, Memphis, Hulu

☆ Can these ultra-exclusive luxury destinations help extend your life? They’d certainly like to try
▼ + stars: | 2024-10-14 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +13 min

Or residents can indulge in hyperbaric treatments, breathing in 100% oxygen in a pressurized chamber which has shown promising anti-aging results. Ice plunges and saunas in renderings of the 122-story Six Senses Residences in Dubai, due to be completed in 2028. This year, a new offering by Equinox includes biomarker testing and customized coaching for fitness, nutrition and recovery. A quest for peak performanceContinuum Club, located in New York City, takes a similar approach to health with the help of AI. Paul Bundy“(Can) you ski longer, hike faster, push the human potential and boundaries within recreational modalities?” Zhang posed.

Persons: ”, Kevin Cavaco, Harley Pasternak, Kim Kardashian, Lady Gaga, Halle Berry, he’s, I’ve, Bryan Johnson, —, ’ biometrics, Tom Wingert, Brian Berkowitz, We’ll, “, we’re, ‘, what’s, Wingert, Matthew McConaughey, Ken Hayden, Christian Davies, Davies, Covid, Priya Mrinal, Woods Bagot, Reed Hastings, Jenny Holzer, James Turrell, Arthur Jafa, Paul Bundy, Alex Zhang, Paul Bundy “, Zhang, We’re, Pasternak Organizations: CNN, Dubai Marina, Dubai, Apple, Equinox, Continuum, Continuum Club, Netflix Locations: Dubai, Prairie, Switzerland, Lanserhof, Austria, New York City, Sedona , Arizona, Arizona, Sedona, Dubai Marina, Utah, Aspen, Deer, it’s

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